GE Vernova (NYSE:GEV) Third Quarter 2024 Results

Key Financial Results

• Net loss: US$96.0m (flat on 3Q 2023).

• US$0.35 loss per share.

All figures shown in the chart above are for the trailing 12 month (TTM) period

GE Vernova Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates.

Looking ahead, revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Electrical industry in the US.

Performance of the American Electrical industry.

The company's shares are up 1.9% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on GE Vernova's balance sheet health.

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